VOL. XLVI

No 38

22-September-2003

UAE

Dubais Success Based On Diversification And Leadership, Says Paper

In a little under four decades since the discovery of oil there in 1966, Dubai which plays host to the IMF and World Bank Annual meetings on 23-24 September has transformed itself from a small settlement dependent on trading, fishing and pearling, into a dynamic, modern and business-friendly emirate. While other Gulf states have struggled to diversify economies which stay shackled to volatile...